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Second Charge Mortgages Come Under Further Scrutiny

Due DiligenceBy SulemanBaig November 20, 2020

Second charge mortgages are set to face further scrutiny from the Financial Conduct Authority (FCA) after the regulatory body revealed they would be monitoring the quality of recommendations and the fees charged in the sector. The FCA are looking to assess whether or not customers are receiving a product that meets their needs meaning they…

Experts Predict a 100% Growth in Second Charge Lending

Due DiligenceBy SulemanBaig October 20, 2020

Experts have predicted that second charge lending will grow by 100% in the second quarter of 2020. Leading second charge brokerage Loans Warehouse made the prediction about second charge loans, where borrowers are able to use existing equity in a property towards a second loan, after seeing some market recovery following the lockdown caused by…